• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports

by July 10, 2024
written by July 10, 2024

The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer companies are also on the docket.

The broad market index ended the day up 0.1% at 5,572.85, while the Nasdaq Composite advanced 0.28% to 18,403.74. The Dow Jones Industrial Average finished 31 points lower, or 0.08%, at 39,344.79.

The S&P 500 is coming off its fourth positive week in the last five amid ongoing optimism that easing inflation — and any pockets of weakness in the economy — could lead to a Federal Reserve interest rate cut.

The June consumer price index, which will be released Thursday, could bolster those hopes if the headline number shows a slight improvement. Producer price index data will be released Friday.

Last week, labor data reflected a slightly cooling jobs market, spurring expectations of a rate cut. Although the U.S. economy added more jobs in June than anticipated, there was also an unexpected rise in the unemployment rate, to 4.1% from 4%. Traders are currently expecting two interest rate cuts in 2024, with the first in September, according to the CME FedWatch Tool.

“We believe the fundamental backdrop remains supportive for equities, driven by solid economic and earnings growth, interest rate cuts, and rising investment in AI,” UBS strategist Vincent Heaney wrote in a Monday note.

PepsiCo and Delta Air Lines are set to post results on Thursday. Then, a slew of major banks, including Citigroup and JPMorgan Chase, will kick off second-quarter earnings season on Friday.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Fisker Stock News: Price and Forecast
next post
Who is White House physician Dr. Kevin O’Connor and what are his close ties to the Biden family?

related articles

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 13, 2025

China outlines more controls on exports of rare...

October 10, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 7, 2025

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • As Trump gives DOJ marching orders, a clear double standard emerges

    September 24, 2025
  • Sweden, Finland and Norway release new advice on surviving war amid concerns over Russia, Ukraine escalation

    November 19, 2024
  • Trump stands by RFK Jr. after heated Senate hearing: ‘I like the fact that he’s different’

    September 5, 2025
  • US to provide Ukraine with another $425M worth of supplies to help defend itself against Russia

    October 16, 2024
  • Consumers are not lovin’ it: McDonald’s has its worst quarter since 2020

    May 1, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,371)
  • Investing (634)
  • Stock (938)

Latest Posts

  • GOP senators back Trump’s demand for Ukraine elections, but won’t call Zelenskyy ‘dictator’

    February 19, 2025
  • Rigetti vs IonQ stock: which is the better quantum play for 2025?

    May 3, 2025
  • Reli Stock – Get All The Essential Analysis And Predictions

    September 19, 2024

Recent Posts

  • Supreme Court Chief Justice Roberts issues warning on ‘judicial independence’ weeks before Trump inauguration

    January 1, 2025
  • Jill Biden ‘work husband’ pleads Fifth Amendment, dodges House GOP cover-up probe questions

    July 16, 2025
  • Biden fails to remember when son Beau died and Trump’s election year in leaked Hur interview audio

    May 17, 2025

Editor’s Pick

  • Hakeem Jeffries breaks Kevin McCarthy record while stalling Trump’s ‘big, beautiful bill’

    July 3, 2025
  • Scott touts ‘deal guy’ background in bid for Senate majority leader

    November 10, 2024
  • ‘Instincts for restraint’: Senate divided over who gets to declare war

    June 19, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock